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Current
Oct 4, 2012 8:00pm PDT
. nearly a third of the undecideds were undecided. romney's positive rating rose above 50% for the first time in this campaign in a reuters poll. the president's ratings stayed unchanged at 56%. romney stayed on the attack even though his positions were to be charitable and flatly untrue. here's some of what he said about his tax plan and the economy. >> romney: i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. my view is we ought to provide tax relief to people in the middle class but i'm not going to reduce the share of taxes paid by high income people. we have 23 million people out of work. or stop look for work in this country. >> eliot: here's how the obama campaign responded to some of the claims. with an ad released this afternoon that relied on fact checkers. >> mitt romney has not laid out specifics for how he would pay for his tax cut. he says it's by reducing deductions and closing loopholes but he hasn't said which or how many. s
NBC
Oct 5, 2012 4:00pm EDT
. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states, that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs numbers. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers." >> it's really ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivation saying the numbers are real. so, while romney launches tv ads promising to do better than president obama -- >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is still not enough to significantly lower the unemp
NBC
Oct 5, 2012 5:00pm EDT
that his policies are working. for mitt romney the unemployment rate at 7.8% doesn't tell the whole story. at a rally a in virginia a a smiling president obama took full advantage of september's job's report. >> more people entered the worc
FOX News
Oct 5, 2012 3:00pm PDT
. >> did mitt romney's post debate victory hit a speed bump with the unemployment rate? we'll break down what the numbers mean. this is special report. good evening, i'm bret baier. president obama is hailing the jobs report, showing a drop from 8.1% to 7.8, as a sign the country has come too far to turn back now. his republican challenger says the new numbers are not the sign of a true recovery, in fact, he says they're telling a far different story. the government's household survey says that 873,000 people entered the work force. but the employer survey found 114,000 new jobs created, 10,000 of those in government. so, the difference, about 760,000 are apparently not full-time stable jobs, what's known as the real unemployment mark, the unemployed and those too discouraged to look for work remains unchanged at 14.7%. white house correspondent wendell goler begins our coverage of the report and the spin. >> two days after a disappointing debate with mitt romney, president obama looked on the bright side of a merely modest jobs report for september. >> this morning, we found out that th
FOX News
Oct 5, 2012 6:00pm EDT
today as the day the president got elected our unemployment rate to be around 11%. >> romney's plan says it will create new jobs, instead of part-time, helping to get it under 8% before the election. i'll help create 12 million new jobs and rising take home pay. >> romney's debate performance intersecting polls, and rasmussen shows romney inching ahead in virginia and ohio albeit within the margin of error and the daily tracking poll has the president up 5 points. romney met privately with laid off miners and blasted the president for waging war with workers, and romney that's an is crucial section of energy independence. >> i think we should put the americans back to work and it's energy abundant and cheap and burned in a clean way. >> and romney with fireworks and country car trace adkins that the president's trillion dollar stimulus would get unemployment lower than it is. >> he said right now we would be at 5.4% unemployment. >> romney pounded joe biden for stating the administration' goal on a trillion dollar tax hike on those making more than 200,000 a year or family 250,000. >> pe
MSNBC
Oct 4, 2012 5:00pm PDT
's breathtaking. mitt romney has campaigned across this country promoting a 20% reduction in the tax rate. his plan would give the richest 1% of americans an additional $6 o,000 tax cut. for those at the very top, the 0.1%ers, they would get a $264,000 tax cut. the cost? well, it's $456 billion per year. how do you like that? romney can eliminate every deduction from the tax code and he still will not be able to cover the cost of these tax cuts. but romney didn't need to address any of these specifics. he just needed to lie about it. it's a strategy another president used when he was asked about his proposed tax cuts for the rich. >> let me just tell you what the facts are. the facts are, after my plan, the wealthiest of americans pay more taxes of the percentage of the whole than they do today. >> really? here we go again. a republican candidate has a plan for massive tax cuts for the rich and tells the american people the exact opposite in a debate. it only works if the candidate is a good liar. presentation does matter. give him credit. last night mitt romney was pretty good on style, but h
MSNBC
Oct 4, 2012 8:00pm PDT
. >> yeah. >> but it also showed that romney didn't appear to add that much to his favorable rating from the debate. just a little bit more, actually, than obama who actually did add a little bit. and that the people, according to stan greenberg's polls, the only people he saw shifting in his big focus group were republican leaning undecideds and he found no erosion for obama. so if obama begins to turn it around now, he could begin to contain whatever damage that debate caused. >> yeah. you know, here's governor john sununu, one of the surrogates for mitt romney who has said this kind of stuff before. here it is. >> i find it fascinating, now this morning after they've slept, to watch them all scrambling around to clean up the mess the president left on the floor last night. he didn't want to prepare for this debate. he's lazy and disengaged. >> sam, what about that? >> i mean, what's to add? it's kind of absurd. it's obviously provocative. he wants to get a headline out of it. it's john sununu. there's not much to it. obviously obama's not lazy and disengaged. >> he left a lot of facts
MSNBC
Oct 4, 2012 8:00pm EDT
in marginal tax rates. in a document on another part of romney's website, romney says he'll maintain marginal rates at current levels. so, which is it? well, if we are to believe that mitt romney has been saying out on the campaign trail, he'll lock in the bush tax cuts, reduce the deficit through spending cuts then put into place an additional 20% tax cut that would ultimately benefit the rich. how would a president romney pay for all of this? romney says he'll close loopholes but he hasn't offered any real specifics on that, either. according to an independent nonpartisan tax policy study, the lost revenues from romney's tax proposal would cost $4.8 "t," trillion, over ten years. the obama campaign has already come out with an ad hitting romney on his $5 trillion lie. i'm joined tonight by david k. johnston, pulitzer prize winning columnist and author of "the fine print: how big companies use plain english to rob you blind." david k., glad to have you with us tonight. >> thank you, ed. >> after last night, do you have a better grip, a better idea of what romney's tax plan is all about? >> n
FOX
Oct 5, 2012 5:00pm EDT
.8%. " romney says the unemployment rate is own pinding work - but pprmarily because so many have stopped looking for nee job altogether. rrmney says: " if the same share of people were participating in the workforce today as on the ay the president got elected, why our unemployment rate would e pround 11%. that's the real realitt of important to note that a e." - number of ompanies were only &ppdding part time work.engler &preluctancc to commit to full-time mpllyment until a says: new post-debaae poll tightening in some key swing states. rasmussen says romney's got a one point lead has a one point edge n the battleground of ohho. in washington, jd, fn. 3 if youuwant to seeecomplete coverage from the campaign trail, head to our webiste, fox baltimore dot com and under hot topics. former ... vice prrsident... al gore ... offers.../ his... own explanation... for... president obama's... debate performance... wednesday...// the... altitude. gore,.../ &pa... former presidentiaa cannidate... himself.../...participated.... post-debate discussion... on his... current t-v chann
FOX Business
Oct 5, 2012 6:00pm EDT
no credibility. gerri: it's interesting because romney favorability ratings just about 50% for the first time. is the sustainable? >> i believe it is. his performance was one of the best, i think anybody has seen in a long time. there was not a single moment. it was a consistent 90 minutes of grade a performance all the way throughout, and i think people who only saw the ads about him, only heard about him through the obama tax sought different person than the one they were led to believe existed, and so that is why i think you have a turnaround in the positive numbers. gerri: you know, it would not be a friday if we did not have a thought from the vice-president. he made a little gas this week. have you are it? listen to this. >> you know the phrase they always used. obama and biden want to raise taxes by $8 trillion. guess what, yes, we do. gerri: i mean, really? really? can he not stop himself? but does it mean for the debate. >> well, i think it is one of the run the arguments. i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. fo
FOX News
Oct 5, 2012 12:00pm PDT
the president in cleveland. governor romney says the 7.8 percent unemployment rate does not tell the whole story. here is what the g.o.p. nominee told supporters in virginia today. >> the reason it has come down this year is primarily because of the fact that more and more people have just stopped looking for work. if the same share participated in the workforce today, as the day the president got elected, the unemployment rate would be around 11 percent. >>trace: he is stopping in two battleground states. now he is on the way to florida after 9 rally in virginia. we continue with john roberts live in st. petersburg, florida. governor romney says if he is elected americans will see and i quote, "a real recovery." >>reporter: that is a message that is very important here in this part of florida. president obama won this county where i am and a neighboring county in tampa in 2008. they were split in 2004 between george bush and john kerry. romney took aim at the unemployment figures today saying that while the numbers may look good on the surface, fewer jobs were created in the month of september
PBS
Oct 4, 2012 7:00pm PDT
gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth about the same amount. but the president is accurate when he says governor romney is making many promises in his tax plan. romney says upper-income people will not get a net tax cut; middle-income people will not see their taxes go up; incentives for savings and investment won't be touched; the estate tax and alternative minimum tax will be eliminated-- all this while cutting tax rates and not changing the amount of money the federal government brings in. an analysis by the tax policy center shows governor romney will have to make some big tradeoffs. >> so, governor romney has made five promises. he can't keep them all. he is going to have to, at some point, abandon one of those promises. he cannot cut tax rates, cut taxes on the middle class, cut taxes on capital gains, and balance the budget all at once. >> reporter: romney
FOX Business
Oct 5, 2012 7:00pm EDT
impact, and you're guaranteed, if you're obama or romney in getting the lowest unit rate, the lowest cost for the a tv spot buying from a tv station. outside groups like american crossroads have to pay a premium. president obama spends a dollar, we have to spend more than a dollar to get the same weight of television. a lot more of romney's money is found in the wallet of the republican national committee, and smaller money is found in the democratic national committee. what's that mean? if you use money from the democratic or republican national committees, you have to use what are are called combo ads in which you not only mention obama, but also democrats, or not just romney, but other republicans. it weakens the ad, the way of the power of the ad a little bit. we have an important -- lou: you feel good? go ahead. >> i do think that obama has an advantage in that more of his money is in -- is in a wallet from which he can spend easily, get the lowest rate, and control the message better than can romney. lou: not concerned about the fundraising? >> oh, i'm concerned about it. i think it
FOX
Oct 5, 2012 12:00pm PDT
rate would be around 11%. that's the real reality of what's happening out there. >> romney is backtracking on controversial remarks dismissing 47% of americans who don't pay federal income taxes. in an interview last night on fox news he said the comments were "just completely wrong." firefighters quickly knocked out a brush fire in a homeless area today. it started about 8:30 just a few blocks north east of the 880/101 split. firefighters kept it from spending beyond the homeless incampment. >>> -- america's cup races are this weekend along with a lot more. all those crowds mean a little extra planning to get around. >> san francisco will be practically over run this weekend. about 40,000 people will be watching the america's cup races. fresh off their division clench giants fans will be attending play offs against reds saturday and sunday. >> i am thinking i have to come an hour or hour and a half early so i can make it. >> reporter: events are expected to draw 1 million into the city not to mention the football game saturday in brookly. >> this is all hands on event for
MSNBC
Oct 5, 2012 10:00am PDT
off a cliff either. more hum drum economic news. >> mitt romney was saying the participation rate was bad but this month the participation rate is good. more people are coming back in, less discouraged than before. >> we got a tenth of a percentage point tickup in the participation rate. good news. i wouldn't dance. i think this is the situation the u.s. finds itself in. every time we see things go up it's from very low levels. we have to get people back to work and economy running at a higher level. >> what about mitt romney's big message from the debate which is that he says that there is not a $5 trillion tax cut, which was roger altman just on the show and a lot of our fact checking shows it does add up to $5 trillion, what he's proposed including the 20% cuts that he's talking about, at the same time he's now saying that deductions will be eliminated and make up for it so it's revenue neutral but won't specify which deductions. doesn't he owe it to the american people to say is it the mortgage deduction, charitable deduction, how will you get enough eliminated to make up for
MSNBC
Oct 5, 2012 1:00pm EDT
. >>> the romney campaign is downplaying the drop in the jobless rates saying it's not a sign of real recovery. douglas is a former economic adviser to the 2008 mccain campaign and romney supporter and former government official. the cbo as well. let's talk about this jobs number today. good news in general. what is your take looking deeper into the numbers? >> most people look at the top line number as 114,000 jobs created, unemployment rate 7.8%. inside the report there are more news and in particular the drop in the unemployment rate comes from the fact that when they went door to door and asked people do you have a job, are you unemployed they got back answers that suggested we created 8937,000 jobs last month. there's no way that's right. it's a statistical mirage. >> going to be revised? >> almost certainly will go away. throw that out and you have a picture that looks like the reports in recent months, enough jobs created to sort of barely keep up with population growth, some increase in earnings, increase in -- >> revisions in the last two months, upwards. the summer was not as weak as
ABC
Oct 5, 2012 5:30pm EDT
that this country has come too far to turn back now. >> reporter: romney has been critical of the white house, failing to get it below 8%. >> unemployment above 8%. >> reporter: today without the benchmark romney found areas to fault the opponent. >> the unemployment rate has come down very, very slowly. the reason it has come down is primarily due to the fact that more and more people have stopped looking for work. >> reporter: also if elected, mitt romney is promising to add 12 million jobs. by the way, the next jobs report comes out the friday before election day. >> all right. tory dunnan, our soldier on the campaign trail. the presidential race just weeks away. >>> arlington, texas. >> we want to head back out to federal hill. people seem more excited, more nervous, a lot of nail biting. >> tell everybody how nervous i am. >> listen. it gives it a texas feeling, doesn't it? it's great. everybody is waiting for this experience. we're living it. everybody that you talked to, there's one thing on their mind, the orioles. >> that's absolutely correct. >> it's incredibly anxious friday. every
MSNBC
Oct 5, 2012 2:30am PDT
. romney has called for cutting income tax rates across the board by 20%, a move some analysts say would cost $5 trillion over a decade. but romney repeatedly rejected that assertion when it was raised by president obama, vowing instead to make up the lost revenue through scaled back loopholes and the elimination of deductions. romney campaign has released an ad claiming it's the president who would increase taxes on the middle class. >> who will raise taxes on the middle class? according to an independent, nonpartisan study, barack obama and the liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and common sense conservatives is not a tax hike on the middle class. want proof? read the nonpartisan study for yourself at american.com. obama and his liberal allies, we can't afford four more years. i'm mitt romney. i approved this message. >> well, yesterday campaigning in council bluffs, iowa, vice president joe biden shot back saying the obama plan would raise taxes but not on the middle class. >> on top of the $1 trillion in spend
ABC
Oct 5, 2012 4:30am PDT
recovery. >> increase in unemployment rate could add momentum to mitt romney's campaign to unseat president obama. he goes as far as saying he was completely wrong, his quote, when he commented to wealthy donors about the 47% of americans who don't pay federal income taxes. he told fox news his life has shown that he cares about 100% of americans. more in about 15 minutes. >>> this morning the woman charged with ditching her daughter after a botched shoplifting attempt is sitting in santa clara jail this is marcy keelin's mugshot. cameras were rolling when she stepped out of a list car in san jose yesterday after being extradited from nevada where she had been hiding. investigators say she sped off leaving her 10-year-old behind after workers at a safeway store in morgan hill spotted them stealing. she faces burglary and child endangerment charges. >>> is if expected to be over -- san francisco has several major events taking place, police will be patrolling all over they. they say you can take precautions against becoming a victim. ama daetz has more. >> reporter: san francisco is teaming
MSNBC
Oct 5, 2012 3:00pm PDT
to say? well, here's my statement. what is the reason for mitt romney's campaign? the unemployment rate is at its lowest level in nearly four years. that's not a real recovery? when president obama took office, we were bleeding private sector jobs. now we've added them for 30 straight months. that's more than 4 1/2 million jobs. mitt romney is just dancing as fast as he can to deny the truth. well, keep on dancing. denying the truth is just the new normal for this right wing nut gop. the president's birth certificate not real. poll numbers that show the president ahead, not real. and today these geniuses came up with a new fantasy. ready for this? they say the president is cooking the books. romney backer and former ge chairman jack welch kicked off the conspiracy tweeting, quote, unbelievable job numbers. these chicago guys will do anything. can't debate so change numbers. and laura igraham says, job numbers from labor secretary hilda solis are total pro obama. congressman allen west challenged the numbers, quote, chicago style politics is at work here. and, of course, rush limbaugh to
NBC
Oct 4, 2012 5:00pm PDT
to the polls goes to mitt romney, plenty of us tuned in. much higher ratings for this debate than the previous two aelections. our team coverage begins with steve handlesman in denver. >> republican joy in denver, mitt romney declared his campaign is rejuvenated. >> you know, what we're going to take back the white house. >> a new mood after many saw a new mitt romney last night. >> let's get back to better care. the government can provide the service at lower cost and without a profit. >> in control, assertive, presidential. while barack obama kept his eyes and his energy low. >> it's very rare that there's such a clear triumph of one side over the other. >> at a rally in denver, the president admitted he got surprised. >> when i got on to the stage, i met this very spirited fellow who claimed to be mitt romney. >> later today, at a huge rally in wisconsin, the president charged romney changed what he said. >> he may do a tap dance and a two step, but if you want to be president, then you owe the american people the truth. >> some felt mr. obama owed them a better debate. >> he looked like he
CBS
Oct 5, 2012 12:00pm PDT
. >> reporter: campaigning in virginia, gop white house hopeful mitt romney dismissed the unemployment rate falling below 8%. >> the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> reporter: economists say unemployment fell in part because more people have landed part-time work. that's what keenan han does. >> if i can get six months ahead, i can go back to montana. >> reporter: there is one more jobs report before election day. tara mergener, cbs news, the white house. >>> a moraga teen's quest to become an eagle scout is over since he told family, friends and a boy scouts counselor that he is gay. ryan is a high school senior who completed his final project just last month. it was an anti-bullying wall he helped kids create at his old middle school in moraga but his troop won't sign off on his eagle badge. >> this was an opportunity for our students to participate in the making of a permanent mural that would promote that idea of tolerance and acceptance for all our students. each tile has a different message ab
Current
Oct 5, 2012 6:00am PDT
tonight" theme ♪] >> stephanie: mitt romney say the drop this the unemployment rate is quote not what a recovery looks like. >> oh. >> stephanie: so maybe going up would be -- hum. he responded to the jobs report by arguing that obama has failed -- okay. >> i -- >> stephanie: did i say that they are just going to go no, that's not good. >> yeah. >> and fox news is already running with obama is just manipulating the numbers. >> right. >> and i wrote back to jack welsh, and i said sir, if you are going to put that out there, you better have proof, or america will call you a liar. i haven't hear back. [ laughter ] >> stephanie: dave in illinois, hi, dave. >> okay. all right. [♪ "jeopardy" theme music ♪] >> why don't we do wright wright. >> stephanie: okay. why not. gretchen carlson. >> the president argued for quote a new patriotism. that means to me a couple of things, if you don't agree with the president you are not a patriot, and is that another way of talking about class war fair. >> and number three am i an idiot? >> why is she inserting her opinion into as
PBS
Oct 4, 2012 5:30pm PDT
, what is the president referring to? >> mitt romney has proposed to cut taxes across the board by 20%. cut tax rates, i should be precise about that, because it matters. you lose $5 trillion in revenue over ten years if you cut tax rates by 20% across the board. that's the calculation of a non-partisan group widely agreed to be accurate, the tax policy center. now, here's where things get complicated because what the --. >> brown: you're going tligt there right away, aren't you? (laughter) >> it's like we're up there on the stage last night. what the governor says he will do is fill that $5 trillion hole by getting rid of a bunch of deductions and loopholes, so he'll offset the revenue loss with closing of deductions and loopholes and the president made two points last night-- and i thought they were good points. first he said there's actually not enough deductions and loopholes, particularly for high-income people to offset the revenue loss. so that's when they said the math doesn't work. there'not enough dollars in those deduction loophole closures to offset the revenues. the secon
CNN
Oct 4, 2012 8:00pm PDT
romney has said he doesn't want to, for example, raise the rates on capital gains or dividends but analysis, i believe including your own, although i'm not sure it's your own, did say that those rates would have to go up on the wealthy, too, to make this close to working. >> that wasn't my analysis. the point raised by you and others is that there are now plans that conservatives have put together which meet the specifications of mr. romney and don't raise taxes on the middle class. there are plans that the democrats have put together that do raise tax on the middle class. that says this can be done and the issue is what will be done. on that i would say i don't think the president is in a strong position of pointing fingers. he has been saying he wants to lower the corporate tax rate to 20% but there's been zero details of how he can do that. mr. romney is making the same point. he is serious about tax reform, going to go work witcongress when he gets a chance. to put out those details now would be to harm the overall effort. >> that may be true but ethan is fair to point out
CNN
Oct 4, 2012 11:00pm PDT
policy center t looked to see whether romney can cut individual tax rates for everyone without increasing the deficit. he has promised his plan will be revenue neutral. in order for his math to add up, the campaign has said they're going to close tax loopholes, particularly those affecting the wealthy. according to the centers analysis back in august, they said by doing that, lower income families with children would pay an average $2,000 more. but mitt romney is right to point out that others have poked holes in the math, including bloomberg, that middle class would be hit with an increase of only $1,000 not $2,000. the tax policy center was told about this. according to bloomberg, the authors changed some of their statements. the conservative tax foundation claims that the center didn't account for economic growth and romney's plan would pay for itself, that there would be no middle class income tax increase. last month came on the show and did the math and said if you close or cap itemized deductions and assume that the economy grows at 3%. historically, that would be reasonable. right
CNN
Oct 4, 2012 11:00pm EDT
the corporate tax rate to 20% but there's been zero details of how he can do that. mr. romney is making the same point. he is serious about tax reform, going to go work with congress when he gets a chance. to put out those details now would be to harm the overall effort. >> that may be true but ethan is fair to point out that the studies we reference are put out by conservative groups. >> that's absolutely true. they're using different specifications from what mitt romney has said. one study says if he raises taxes on people $100,000 than -- $1,000 than $2,000, it makes the math work. the problem is that romney has said i don't want to do any of that. so all of the studies that doug says actually affirms romney, they're all making assumptions that contradict what romney is saying. the reason they have to make she is assumptions is that romney is not showing anyone his tax plan. >> if he can win this with the middle class -- i'm speaking from one small focus group. they cared a lot about it. if this could be something that helps him move this election in swing states and he has to get more specif
KCSMMHZ
Oct 5, 2012 2:30pm PDT
since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that things are getting worse. >> the unemployment rate, as you noted this year, has come down very slowly, but it has come down on the less. reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it is a reminder that this country has come too far to turn back now. we have made too much progress to return to the policies that led to the crisis in the first place. >> the two candidates have made radically different proposals on the way the u.s. economy should develop. it is not yet clear what effect the new employment numbers will have on the race for the white house. >> let's turn to the markets now and take a closer look at some market numbers. the dax ended the day 1.25% up. the euro stoxx 50 closed almost 2%. the dow jones currently going up
MSNBC
Oct 5, 2012 12:00pm PDT
%. >> peter, when romney was governor of massachusetts, the unemployment rate went down because a lot of people left the state. is he fair to make this point now? >> i think it is fair to say that the unemployment rate has come down simply over the course of this recovery and the bahama presidency because fewer people looked for work. if the same number of people were looking for work today as when mr. obama became president, that number is consistent with my computations. it's important to recognize that this month the household survey for which unemployment rate is computed as opposed to the jobs count and enterprises indicated that about 800,000 people found jobs. that's about 6% increase in the number of people employed, which is an absurd number. no one can believe we have a 135% annual growth rate in employment with the economy growing so slowly. what it appears is a lot of folks out of work have established home-based businesses and they're working on some kind of part-time basis. a reporter that lost his job working as a stringer or something. i don't view the 7.8% as encourag
CBS
Oct 5, 2012 6:30pm EDT
: romney is basing that on the people actually in the work force. although some economists say the rate would be closer to 9% because much of the decline in the population is due to aging of the population. romney says the current employment situation shows the president's policies aren't working and that he knows how to create jobs. in an effort to sway independent and undecided voters, romney is making a direct appeal to the middle-class. >> even those that have jobs are having tough times. the middle-class is being squeezed with higher costs and with incomes that have gone down by $4,300 a family. this can't go on. >> reporter: now, romney's advisors say he will continue hammering that point. this is all to, as they put it, prosecute the case against the president on the economy. scott, that, of course, is something we saw starting in earnest in this week's debate. >> pelley: jan, thank you very much. governor romney is still trying to repair the damage from that secretly recorded videotape in which he said to a fund-raiser 47% of the people in the country are dependent on government
FOX
Oct 5, 2012 5:00pm EDT
in the newsroom. thank you. >>> mitt romney responding to thjobs report and called the rate insignificant and said this is not what a real recovery looks like. the numbers are deceptive and the president's made the economy worse. >> looks like unemployment is getting better. the truth is, if the same share of people were participating in the workforce, today or on the day the president got elected, the unemployment rate would be around 11%. that is the real reality of what is happening out there. >> mitt romney is on the campaign trail tonight in florida. so how are the new job numbers impacting the race for the white house? jack burkman and democratic strategist gary nordlinger from george washington school join us. thank you for being here. >> good afternoon. >> the fact that the unemployment rate fell below 8% the first time since the president took office should give them a boost. is it enough to help erase the lackluster performance in the debate? >> i don't know if it's enough to equal out the debate. the point is that it's good news for them and for the first time since january of 2009, une
NBC
Oct 5, 2012 6:00pm EDT
forewarned. >> reporter: romney said the unemployment rate fell because people gave up. >> when i'm president of the united states -- that, that unemployment rate is going to come down, not because people are giving up and dropping out of the workforce, but because we're creating more jobs. >> reporter: on social media, some conservatives accuse the obama administration of doctoring the jobs number. former general electric ceo jack welch wrote "unbelievable job numbers. the chicago guys will do anything. can't debate, so change the numbers. >> it's ludicrous to hear that kind of statement. >> reporter: secretary of labor denies any political motivations a saying the numbers are real. while romney launches tv ad as promising to do better than president obama. >> i have a detailed plan to create 12 million new jobs. >> reporter: obama is celebrating this report. >> this country has come too far to turn back now. >> reporter: a benchmark, he says, proves america is on the right track. economists say the number of new jobs being created is not enough to significantly lower the unemployment rate.
PBS
Oct 5, 2012 4:00pm PDT
better. >> mitt romney told a rally that today's improvement did not mean much. >> the unemployment rate has come down very slowly but it has come down on the less. the reason is primarily due to the fact that more and more people have just stopped looking for work. i of the same share of people were participating in the workforce today -- if the same share of people were participating in the workforce today as work when the president got elected, unemployment would be around 11%. that is the real reality. >> some believe he has got a point. >> hundreds of people are taking part-time work when they want full-time jobs. there are still tons of people who are out on the sidelines who have not been able to find their way back into the labor department. all these people are waiting for much bigger change to occur in the labor market. >> he would like to hire new people. he runs a small business in denver, but he is uncertain about the strength of the recovery. >> we are not to the point where we feel like we can put capital expenditures and to our business the way we really want to. we just
FOX Business
Oct 5, 2012 9:20am EDT
unemployment rate would be around 11%. that's just in from the romney camp reacting to the friday morning jobs report showed a decline in jobless rate 7.8% with only 114,000 new jobs created. there are contradictions there and there's some mistrust of the numbers. the stock market opening in the wake of that jobs report. what are we going to see? we are expecting a flat market. down 6 or 7 points in the very, very early going and look, we're dead flat. i want to bring in nicole petallides on the floor of the exchange. because it seems to me that there is no market reaction to one of the biggest economic reports of the year. now, i'm not sure i can explain it, can you? >> i can tell you what the traders are saying. you're absolutely right. this number is a big piece of the economic news this year in 2012. we saw the futures jump and move higher and then now, come back down. why? when i just asked trading and talking with ben willis over at albert freid and company. people are in shock, trying to make heads or tails of this report, stuart. this is unbelievable to see this kind of move, a surpris
MSNBC
Oct 5, 2012 8:00am PDT
. the unemployment rate is now under 8% and governor romney your policies are the ones that will end up creating a worse economic climate, a worse jobs crisis because we know that. it already happened before. so that's what i think it does. it provides the president a really strong contrast. >> susan, mitt romney ate his spinach for that debate. peggy noonan who has been riding the campaign trail of mitt romney and what he's been doing it pretty hard in her editorials. noonan writing now the real romney is the one who can communicate. he's straight and direct and not fancy. forgivably jargony but worried about america and sin veer. that's the romney who showed up for the debate. stay that guy. can he say that guy? especially now he has to talk about the under 8% unemployment rate. >> i have been saying for months the unemployment number is going to be huge. the difference is now my democratic colleagues are agreeing, this it's important because it's now trending the other way. what mitt romney can do is talk to those 5 million people who have been permanently unemployed for over six months. ther
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